Scottish private rental sector will see conditions improve

Scottish private rental sector will see conditions improve

A new private rented market strategy in Scotland aims to improve conditions in the sector.

Summary:

  • The Scottish Government has released its Private Sector Strategy
  • This aims to improve conditions by working closely with letting agents and landlords
  • It sets to ensure letting agents meet industry standards

The private rental market in Scotland will experience better standards in the future, according to the Scottish Government.

Last week (May 30th), it released its Private Rented Sector strategy, which outlined its plans to introduce new regulations and work closely with letting agents and landlords so conditions for tenants can improve.

Housing Minister Margaret Burgess spoke at a recent event held by Shelter Scotland and Scottish Association of Landlords; she emphasised the importance of letting agents meeting standards set by the industry to ensure private rented accommodation is well-managed and in good condition.

“The Strategy commits us to consulting in the near future with all stakeholders to examine the suitability and effectiveness of the current tenancy regime, and we will consider legislative change where required,” she stated.

Chief Executive of Scottish Association of Landlords (SAL) John Blackwood said SAL welcomes the report and the government’s intentions to see improvements and growth in the rental market in the country.

The overall property market in Scotland has seen signs of improvement lately, after the Bank of Scotland reported that house prices in five seaside locations in the country have doubled from 2004 to 2012. These include Fraserburgh and Peterhead, both in Aberdeenshire, which had property values increase by 139% and 115% over the eight years.

Photo Credit: Shutterstock.com’s PlusONE

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